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HomeMy WebLinkAboutbocc.res.110.1999A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO, APPROVING A 1999 SUPPLEMENTAL BUDGET EXPENSE ITEM FROM THE PITKIN COUNTY 1/2 CENT TRANSIT SALES AND USE TAX FUND Resolution # 99-0 RECITALS 1. The Aspen City Council, the Pitkin County Board of County Commissioners and the Town Council of Snowmass Village (the •"Parties") have previously identified general elements of their Comprehensive Valley Transportation Plan (the "Plan") which are eligible for funding from the Pitkin County one-half cent transit sales and use tax. 2. By intergovernmental agreement dated September 14, 1993, the Parties agreed: a. to conduct regular public meetings to continue to refine and agree upon proposed projects and transportation elements consistent with or complimentary to the Plan; and b. that all expenditures and projects to be funded from the County -wide one- half cent transit sales and use tax shall be agreed upon by the Parties and evidenced by a resolution adopted by the governing body of each party. 3. In November of 1993 Pitkin County voters authorized the issuance of up to $13,650,000 of revenue bonds for the purpose of improving the public mass transportation system in the Roaring Fork Valley (the "Revenue Bond Authorization") if such improvements are authorized by agreement between the Parties. 4. At a public meeting held on May '20, 1999, the Parties considered and approved supplemental funding in the amount of $1,624,519 for the transit -related elements of the Maroon Creek Roundabout construction project from the Pitkin County 1/2 cent transit sales and use tax fund under the condition that in the event Pitkin County receives reimbursement from CDOT for this project, the 'h cent funding shall be reimbursed first and in full, then Pitkin County and Aspen shall split any additional reimbursement. 5. Pursuant to voter approval the use tax had to be used first for the acquisition of the rail right-of-way and then for other transit projects. 6. The Parties desire to approve the attached 1999 supplemental budget item with the understanding that upon the successful acquisition of the rail right-of-way in 1997, the one-half cent use tax revenues became available for other transit projects on an equal footing with projects funded by the one-half cent sales tax revenues. 7. By adoption of this resolution Pitkin County wishes to ratify the approvals given at the May 20, 1999 meeting. NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin County, Colorado, that the following 1999 one-half cent transit sales and use tax expenditure budget item is hereby approved. 1/2% Transit Sales and Use Tax Supplemental Expenditure 1999 Roundabout Transit -Related Items $1,624,519 ssi APPROVED AND ADOPTED ON THEW TH DAY OF ette Jones eputy Clerk & '" corder 1999. BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO Byahleass oder er Leslie Lamont, irperson Date: 6 •z': 99 APPROVED AS TO FORM: MANAGER APPROVAL: John El y// S . - Konchan Conn Attorney Coun ' Manager APPROVED AS TO CONTENT: Tom Oken Administrative Services Director